Category Archives: Polygon news

Polygon [MATIC], the sidechain connected to the main Ethereum [ETH] blockchain, completed a hard fork to its proof-of-stake (PoS) network on 17 January. The purpose of the hard fork, as stated in a 12 January blog post, was to make the Polygon network more efficient by introducing two key changes. Changes included in the Polygon hardfork First, the[Read more…]

Digital fashion brand Syky completed a $9.5 million Series A round led by Seven Seven Six. Brevan Howard Digital, Leadout Capital, First Light Capital Group, and Polygon Ventures also joined the round, according to a release on Tuesday.  Syky, led by former Ralph Lauren Chief Digital Officer Alice Delahunt, aims to build a blockchain-enabled luxury platform. The[Read more…]

The study revealed a 3x increase in the number of Bitcoin monthly active developers and a 5x rise in the number of Ethereum developers. BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital. The report also outlined[Read more…]

Polygon has announced that it has successfully completed its highly anticipated hard fork, designed to boost performance and reduce spiking gas fees and disruptive chain reorganizations. The hard fork went live on Tuesday and included two proposals, which Polygon validator teams voted to approve.  Highly Anticipated Hard Fork  Ethereum Layer-2 scaling solution Polygon has announced[Read more…]

The crypto industry wants to keep carbon out of the atmosphere through blockchain. These carbon crypto companies are to watch out for. In this technology-driven world, climate change is one of the most critical issues. It affects every living organism on this planet and could have long-lasting consequences. Therefore, carbon credits are not only limited[Read more…]

Scalability enhancements are a part of Ethereum’s layer 2 software. In order to transfer and onboard a multiplayer Web3 game called Synergy Land to the Polygon network, which was formerly hosted on Solana, Polygon collaborated with Xternity, a Web3 gaming development platform. Solana was the one who came up with the idea for Synergy Land[Read more…]

The flow of stablecoins surged on the Polygon [MATIC] network over the last few days, impacting the DeFi space positively.One of the key areas of growth for Polygon was its Total Value Locked (TVL), which grew by 9% over the last 30 days and ranked no.4 on Defi Llama. A higher TVL indicated that more users were participating in[Read more…]

New court filings reveal that Alameda had $65 billion in artificial credit with FTX. Elsewhere, Thailand is establishing rules for crypto exchanges and digital wallet management. These and other stories in today’s CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion[Read more…]

The much-awaited hard fork aimed at boosting Polygon’s performance went live today at block 38,189,056, brewing a wave of optimism among the MATIC community. Earlier today, the team behind the Ethereum layer-2 scaling protocol confirmed that the hard fork would proceed as scheduled, noting that no action will be required from MATIC holders as it will be[Read more…]

Polygon announced the completion of its proof-of-stake hard fork upgrade in an attempt to reduce gas spikes and chain reorganizations(reorgs) on January 17. The two proposals included in the hard fork were submitted last December. About 87% of Polygon validator teams voted for approval. The hard fork proposal aims to reduce gas spikes by reducing the BaseFeeChangeDenominator to[Read more…]